51, GRAVENEY PLACE, SPRINGFIELD, MILTON KEYNES, MK6 3LU - £218,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

51 GRAVENEY PLACE is a midsized extended detached house of 118m², built sometime between 1976 and 1982, which could now be worth an estimated £421,913. It was last sold for £218,000 in August 2011, which was around 23% below the average August 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

51 GRAVENEY PLACE Sold Prices

Land registry data shows two sales for 51 GRAVENEY PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 51 GRAVENEY PLACE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 15 AUG	£218,000	£284,064	23% below HPI
2004 15 OCT	£175,000	£260,954	33% below HPI

51 GRAVENEY PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 51 GRAVENEY PLACE sales from October 2004 and August 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2011 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 51 GRAVENEY PLACE be worth now?

51 GRAVENEY PLACE might now be worth an estimated £421,913.

This is based on house price inflation of 93.5%, between August 2011 and May 2026, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 93.5% inflationary increase is applied to the most recent sale price for 51 GRAVENEY PLACE of £218,000 on 15th August 2011. For the value to have increased from £218,000 to £421,913 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 51 GRAVENEY PLACE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2011 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 51 GRAVENEY PLACE has not materially changed since August 2011.

How Large is 51 GRAVENEY PLACE?

51 GRAVENEY PLACE is 118m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 50% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 51 GRAVENEY PLACE lies on this distribution: 44% of detached houses houses are smaller than 51 GRAVENEY PLACE, and 55% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

51 GRAVENEY PLACE: Plot and Title Map

51 GRAVENEY PLACE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 51 GRAVENEY PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 51 GRAVENEY PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 51 GRAVENEY PLACE?

51 GRAVENEY PLACE is located in SPRINGFIELD, in the MK6 postcode district. The below map shows the position of No. 51 on GRAVENEY PLACE.